PARIS — Hermès International upped its sales guidance for 2012 after posting better-than-expected results in the third quarter, as sales growth accelerated despite Europe’s economic woes and a general slowdown in luxury spending in China.
Shares in the maker of Birkin bags and silk scarves closed up 2 percent at 223.60 euros, or $304, on the Paris stock exchange after the company reported sales rose to 848.6 million euros, or $1.06 billion, in the three months to Sept. 30, from 683.2 million euros, or $967.2 million, during the same period a year earlier.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)